Cable One, Inc. (NYSE:CABO) Receives Average Rating of "Reduce" from Analysts

Cable One, Inc. (NYSE:CABO - Get Free Report) has received a consensus rating of "Reduce" from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $309.25.

Several brokerages have commented on CABO. BNP Paribas Exane raised Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a research report on Monday, June 16th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. BNP Paribas upgraded shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. Raymond James Financial cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz acquired 7,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $132.53 per share, with a total value of $927,710.00. Following the completion of the acquisition, the director owned 17,140 shares of the company's stock, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary E. Meduski bought 250 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $148.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares in the company, valued at $532,652. This represents a 7.46% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,400 shares of company stock worth $984,342. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cable One

Several institutional investors and hedge funds have recently made changes to their positions in CABO. Charles Schwab Investment Management Inc. increased its holdings in Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Cable One during the fourth quarter worth $10,491,000. Raymond James Financial Inc. acquired a new stake in shares of Cable One in the fourth quarter valued at $28,129,000. PNC Financial Services Group Inc. lifted its position in Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after buying an additional 65 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Cable One during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Performance

Shares of NYSE CABO opened at $124.84 on Friday. Cable One has a one year low of $121.37 and a one year high of $437.00. The business's 50-day moving average price is $144.60 and its two-hundred day moving average price is $237.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $702.83 million, a P/E ratio of -49.74 and a beta of 0.81.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. Analysts anticipate that Cable One will post 32.08 earnings per share for the current fiscal year.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.

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